Water Rate Jumps to 4.42%.

Residents of co-ops and condos in New York City continue to take hits. Gas and electricity costs have recently increased by 8.4% and 9.1%, while their property taxes have recently increased by an average of 8%.

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The Truth About Condo Maintenance Fees

The success of a condominium complex primarily relies on each individual owner paying their share of the monthly maintenance fees, which go to the building association. These fees pay for the upkeep and repair of communal facilities in condo buildings. Landscape maintenance, grounds upkeep, snow removal, garbage pickup, exterior wall repair and maintenance, roof maintenance, and…

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